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Coronavirus spread threatens recovery | Santoli handicaps the market | FedEx asks Redskins to change name

Email sent: Jul 3, 2020 9:11am

Is this your brand on Milled? You can claim it.

It's been a remarkable recovery, but the outlook for the months ahead remains cloudy.

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FRI, JUL 03, 2020

WEEKEND BRIEF
 

EDITOR'S NOTE

 
 

Halfway through the year and there's still no predicting the course of the pandemic, civil unrest, the outcome of an election or how investors will react to the many headlines these events continue to generate.

 

In this edition of Evening Brief, CNBC's Michael Santoli handicaps the market for the rest of the year.

 

He looks at historic patterns to make sense of today's market, which has whipsawed investors in an ongoing pandemic and staged a remarkable recovery.

 

CNBC's Patti Domm writes that next week investors will be gauging the severity of the latest spikes in coronavirus.

 

We know there are a lot more cases, but how bad will they become? The hope is that many of the most recent cases involve young people who may not suffer the kind of outcomes we see with older people.

 

If this latest round of infections does not drive an equally sharp increase in hospitalizations and deaths, states can keep moving forward with reopening plans. And if not, the economy and the stock market could stall.

 

"Cases are less important than severity,”  said Tom Lee, founder of Fundstrat Global Advisors.

 

Thanks for reading Weekend Brief.  Email your thoughts to EveningBrief@nbcuni.com or follow me on Twitter @tellittoal.

 

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.


 
 

MICHAEL SANTOLI'S MARKET COLUMN

 

 
 

THE WEEK AHEAD

 

 
 

YOUR WEEKEND BRIEFING 

 
 

 

 

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